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Santiment: The current Whale Accumulation/Distribution to Retailers setup is an ideal bull market ignition pattern
BlockBeats News, January 15th, Market research firm Santiment posted on social media that since January 10th, the "Whale" and "Shark" addresses holding between 10 to 100,000 BTC have accumulated an additional 32,693 BTC, a 0.24% increase in their total holdings.
Since January 10th, the "Shrimp" address holding less than 0.01 BTC has sold a total of 149 BTC, a 0.30% decrease in their total holdings.
This data release sends a signal: smart money continues to buy in, while small-scale funds choose to exit. This is the ideal setup for the start of a bull market. How long this trend will continue depends on how long retail investors remain skeptical of the emerging uptrend. Currently, the "extreme bullish" green zone continues.
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